Pellet Extruder Market Size, Share, Growth, and Industry Analysis, By Type (Below 100 kg/Hour, 100-200 kg/Hour and Above 200 kg/Hour), By Application (Plastic, Chemical, Pharmaceutical, Food and Others) and Regional Forecast to 2032

PELLET EXTRUDER MARKET REPORT OVERVIEW

The global Pellet Extruder market size was USD 744 million in 2023 and is projected to touch USD 1124.5  million by 2032, exhibiting a CAGR of 4.6% during the forecast period.

A Pellet Extruder is a tool in additive manufacturing or also known as the 3D printer consisting of a device that can extrude the thermoplastic material into the form of a pellet instead of a filament spool. It melts and extrudes the raw material – the plastic pellets through a heated nozzle, layer by layer forming the three dimensional items.

GLOBAL CRISES IMPACTING PELLET EXTRUDER MARKETCOVID-19 IMPACT or RUSSIA-UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACTCOVID-19 IMPACT

Pellet Extruder Industry Had a Negative  Effect Due to Supply Chain Disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

As seen in the early days of the coronavirus outbreak, there was a disruption of the global supply system. Chemical factories that provided thermoplastic pellets used for making the pellet extruders were strained due to the closure of manufacturing plants or low-capacity productions of Specialty Plastics manufacturers resulting in a lack of raw materials.

LATEST TRENDS

"Increased Adoption of Large-Scale 3D Printing to Propel Market Growth"

Unlike traditional AM methods, pellet extrusion for AM on scale is soon expected by big automobile, aerospace, construction, and furniture makers. These extruders are useful in printing large parts more economically compared to the depolymerized filament systems. Today, pellet extruders are widely applied in the manufacturing environment due to the ability to realize the rapid-prototyping concept; especially in the context of manufacturing large parts in relatively short time and affordable cost. Such a trend is most apparent in industries involving scaling up of prototypes.

PELLET EXTRUDER MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Below 100 kg/Hour, 100-200 kg/Hour and Above 200 kg/Hour.

• Below 100 kg/Hour- They are small scale pellet extruders suitable for operations that are likely to process a relatively small amount of the material. They are common in laboratories, research centers or small production areas.
• 100-200 KG/Hour- These are mid-sized pellet extruding machines and are specially intended for the mid to large scale operations. middle size extruders, they make it easy to balance between production capacity and machines that offer high throughput but are rigid in their operations.
• Above 200 kg/Hour- These are industrial full-scale pellet extrusion machines that fully support high production capacity operations. They are built for intermittent manufacturing of products commonly associated with high usage of energy.

By Application

Based on application the global market can be categorized into Plastic, Chemical, Pharmaceutical, Food and Others.

• Plastic- Pellet extruders are used in almost every additive manufacturing process, but they are quite popular in large scale 3D printing. That is why, instead of filaments, manufacturers can use the plastic pellets for creating large components which will cost less and produce quicker.
• Chemical- In the chemical industry, the pellet extruders are used in compounding as well as blending of polymers, additives or even chemicals. Through the process of extrusion, chemical industries have been able to blend materials in a better way to produce their products in equal quality.
• Pharmaceutical- In the pharmaceutical industry, modified release pellets produced using extruder are employed for encapsulating medicine particles in polymers. It is especially the case for the creation of drugs that deliver an active substance at a controlled rate, for example, sustained-release tablets or capsules.
• Food- Some of the PT applications include those in the food industry for making extruded products like snacks (from chips to puffed products) breakfast cereals and pet foods. Extrusion divides and cooks part of the ingredients, which gives the last product its feel and shape.

DRIVING FACTORS

"Demand for Large-Scale Additive Manufacturing to Drive Market Advancement"

One of the key driving factors in the Pellet Extruder market growth is the Demand for Large-Scale Additive Manufacturing. An important factor favoring the pellet extruder market is concerning the uses of 3D printing technology in large-scale industries. Compared to filament systems, pellet-based extrusion is cheaper, especially for big components or for volumes. Several sectors like automobile, aviation, and construction sectors have started utilizing pellet extruders for the creation of large parts in prototypes and unique productions, respectively. The agility of creating more volumes and growing the stockpile creates the market demand.

"Focus on Sustainability and Recycling to Expand the Market"

The trend towards sustainability across the globe is forming multiple and increased use of recycled plastics and other green materials in production. Pellet extruders are the best kind to use when processing recycled thermoplastics making it popular with companies that seek to minimize their impact on the environment through the use of recycled material. Many countries, and other global organizations are increasingly placing restrictions on the disposal of plastic wastes and thus are forcing organizations to adopt better and more sustainable production processes. This has also resulted in higher demand for pellet extruders as these machines can effectively show the efficiency of the recycled materials.

RESTRAINING FACTOR

"High Initial Investment and Equipment Costs to potentially impede Market Growth"

The capital costs of establishing and purchasing high-performance pellet extruder machines especially for large scale industries and production. This high cost may be difficult to manage especially for SMEs hence making the development of the technology very challenging. As well as being cheaper in the long term, pellet extruders can also include substantial costs in operation and maintenance, namely highly automated systems that necessarily call for specific know-how and parts.

 OPPORTUNITY

"Advancements in 3D Printing Technology for the Product in the Market"

Developments like greater control systems, higher speed of extrusion, and improved means of cooling mechanisms are improving the performance of pellet extruders. It makes them more localized for manufacturers seeking high accuracy and efficiency in applications of mass production. Extruders that allow for multiple types of materials, or two or more composites, are now available and this is leading to new possibilities in designing products with multiple different mechanical and thermal specifications. Pursuant to this capability, businesses such as aerospace, automotive and those in the line of consumer products are likely to increase their profits.

CHALLENGE

"Technical Complexity Could Be a Potential Challenge for Consumers"

Extruded processes are prone to problems with clogging of the material in the extruder and/or uneven extrusion, therefore temperature, pressure and material flow rates must be carefully controlled. Certain polymers, e.g., high-performance thermoplastics, are difficult to extrude if infused with a high-pressure ram extruder and other necessary equipment. Most industries necessitate high surface finish coupled with dimensions; these are outcomes that cannot really be obtained through the use of pellet extruders. It can so often require additional work to be done after the core production which results in making the additional work more complicated.

PELLET EXTRUDER MARKET REGIONAL INSIGHTS

• NORTH AMERICA

It comes after this area is closely related to Asia-Pacific because of advanced industries such as automotive, aerospace, and consumer goods, which require Additive manufacturing and pellet extruder. Other factors include technological developments and a highly qualified skilled personnel in the area of 3D printing in North America.

• EUROPE

Europe is well developed in industrial and automotive industry and has a strong hold on sustainable manufacturing methodologies. A rising trend has been witnessed in the European market for pellet extruders as a production method and for sustainable production; however, the volume is slightly lower than that of the Asia-Pacific market because of the stringent regulatory framework and expensive costs.

• ASIA

Asia Pacific has emerged as the most dominant region in the Pellet Extruder market share due to a convergence of factors that propel its leadership in this dynamic industry. Fast industrializing countries such as China, India and Japan are among the fastest growing markets in manufacturing, automotive, Consumer goods industries which are some of the biggest users of pellet extruders.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Pellet Extruder Market Through Innovation and Market Expansion"

Key enterprise players are shaping the Pellet Extruder marketplace through strategic innovation and marketplace growth. The leading companies in the global pellet extruder market are constantly advancing research and development technology to modern features such as, energy efficiency, material type compatibility, and automation features. It ensures they serve the customers better due to the constant change of their needs thanks to the laid emphasis on the aspect of innovation. Specific R&D activities concern the search for new kinds of material that will be suitable for pellet extruding and an aim to introduce new extruding types of product in the market and attract new clients from other industries.

TOP 5 PELLET EXTRUDER COMPANIES

●  Dyze Design(Canada)

●  Pollen AM(France)

●  Well Shyang Machinery Co., Ltd(Taiwan)

●  Shantou Huaxing Machinery. Factory CO.,LTD(China)

●  Juggerbot 3D (U.S.)

KEY INDUSTRY DEVELOPMENTS

2023: Coming in the Cadbury Fuse, Mondelez India has introduced its latest product under the count line premium category. The bar is the first of its kind in India and manufactured by employing extrusion technology.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.